WASHINGTON — There are tough choices at the heart of the Republican tax bills speeding through Congress, and they make clear what the party values most in economic policy right now: deep and lasting tax cuts for corporations.
The bill that sailed through the House on Thursday chooses to take from high-tax Democratic states, particularly California and New York, and give to lower-tax Republican states that President Trump carried in 2016, particularly Florida and Texas. It allows for tax increases on millions of families several years from now, if a future Congress does not intervene, but not for similar increases on corporations.
The version of the bill that the Senate Finance Committee approved along party lines late Thursday chooses to give peace of mind to corporate executives planning their long-term investments. That comes at the expense of added anxiety for individual taxpayers, particularly those in the middle class, who could face stiff tax increases on Jan. 1, 2026.
A consistent conservative philosophy underpins all those decisions. So does a very large bet — economically and politically — on the power of business tax cuts to deliver rapid wage growth to United States workers.
